Speaking at an event on Friday, Reserve Bank of Australia (RBA) Head of Financial Stability Department Andrea Brischetto said, “broader financial stability risks from the household sector appear contained.”
Additional comments
Budget pressures are being felt very broadly across households.
But incidences of severe financial stress are currently limited to much smaller group.
Most borrowers appear well-placed to service their debt and cover essential costs.
Much less than 1% of home loans are estimated to currently be in negative equity.
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